RE:News on Gold / Talk with CEO Joe Phillipshonkytonkgirl1 wrote:
To all longs
Today I talked to CEO Joe Phillips and I would like to share the highlights with you.
Hillside Project (Gold)
HTG: The VTEM-survey program at Hillside was scheduled to be completed around medio May. Are we finished here? When will MacArthur release news?
JP: Within 48 hours we will publish results. IF results are good we will start drilling.
Panorama/Bonnie Scott
HTG: Idem (same question as above)
JP: Artemis handles this.
Nicol/Cobalt project.
HTG: Idem
JP: Same scenario as above, except I can not give a a specific date for a PR but if results are good we will drill there too. At present the focus is in on enhancing fieldwork.
Lithium project Nevada
JP: Water rights take 12 months to obtain. During this time MMS will analyse samples to get a better understanding of what they have here. In previous drilling campaigns the deposit's core has not been found. Joe obviously could not comment on whether or not MMS have an indication that they have found the motherlode but he said that the next PR may comment on this. No date mentioned.
I asked him to comment on the tenements of which he thought would be the best bet to improve shareholder value and in no specific order het said: Nicol/Cobalt, Gold at Hillside and Lithium in Nevada.
I also asked him if he thought it strange that the sp had tanked so much in recent days. Joe said that he was at a loss and did not know. He had not expected this to happen as as he stated MMS have veryu good land packages and projects. I got the impression that his disappointment was genuine and that he really had expected the stock to do better. Having said that it is also obvious to me that Joe still expects the shareprice to rise; he said literally: "it only takes one good PR".
So within 48 hrs we will know more about MacArthur's grounds in the Pillbara. Let's hope that this is the press release that will turn things around!
Good luck to all longs,
Honkytonkgirl
Some have sent me a pm asking whether additional information had been discussed, e.g. Cliffs or the Iron project. This is not the case but if you'd like more on that please call Nicole. She is easy to reach and has been very helpful in getting Joe on the phone.
vchesar wrote that we need "A good PR on the Iron Ore Project" ... "to break out from the current low stagnant share price levels".
I don't agree that it is just Iron ore that will do the trick. Imagine what will happen to the sp if MMS comes out with great news of Hillside. It would without a doubt attract the immediate interest of Eric Sprott and probably Kirkland Lake as quite a few other juniors in the Pilbara region have demonstrated. Sprott telling that he thinks MMS might be of interest will send our stock up with great speed!!!
greetz,
HTG